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Executive Summary
This project is about the Coca-Cola Company and one of the Coca-Cola Company’s products according to the marketing project. In this project I have studies the different type of marketing techniques that used by the company for identify the need, wants and demand of the product which supplies to the people and how company developing the customer oriented marketing strategies. I also study, how Coca-Cola Company have done segmentation, target marketing and positioning of their product.
I also study the strategies of social responsibilities by the company and how company promotes the product with in the targeted customers and common people by promoting the interest of their potential customers.
Introduction of the Company
History
Coco cola is one of the largest manufacturers, distributors and marketers of nonalcoholic beverages the coca-cola was invented Dr JOHN S. Pamberton in 1886.In now’s days Coca cola is most famous carbonated soft drink sold in markets and restaurants in over two hundred countries. It is the world’s most and recognizable sold commercial brand. In Pakistan coca-cola worked last 64 years. Coco cola is one of the largest manufacturers, distributors and marketers of nonalcoholic beverages. It is available in 312 countries including Pakistan. It came into Pakistan 1950’s and starts its operation. In 1996, the coca cola itself took over business operations in Pakistan & setup its 1 production plant in Karachi. Now there are 6 production units and11 distribution units working in Pakistan providing employment to more than 6000 people. The coca-cola company sponsors the basant festival in Lahore this festival attract the visitor all over the world.
Organizatio...
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... had spent millions in order to create their own brand name. They are sponsoring many events at local and global level. They are sponsor of coke studio and in Olympic Games etc
4. Brand development
Coke cola brand development contains the following choices for extension of its products.
Line extension
In line extension existing brand name is coke and existing products are coca cola, diet coke and zero coke. These are the variations in existing product like coke
Brand extension
Brand extension means existing brand with new products and coke had not selected this strategy yet.
Multi branding
In multi branding new band is laughed in existing product for example coke laughed Sprite, Fanta and 3G sprite
New brands
New brand means laughing new product category and also new brand and coke had not selected this strategy for brand development.
The company known as Coca-Cola today was started in September of 1919, but the first Coke brand was served as early as 1886. Since that time it has grown to be one of the most globally recognized brand names with a stock value of $167 billion. Coke’s plan has always been developed with the future in mind. Right away the company realized that it was more profitable to manufacture the concentrate used to make carbonated drinks than to bottle it. From that point on they saw the entire world, not simply the originating country, as their desired market. It seems only practical that the company should pursue this agenda until conquered then focus the effort on expanding into different product lines. This logical idea has catapulted them into the much sought after position of number one.
Brand extension is a useful way to introduce promising products that will revive the brand name in hopes of retaining its loyal customers. Take a company of the magnitude as Molson Coors Brewing Company, established in 1873, whereby producing its famously known beer (Coors, 2017). There were several flavor offerings for the bottled sparkling water such as original, lemon-lime, and cherry (Time, 2009).
While contenders, for example, PepsiCo offer a scope of items that incorporates refreshments and snacks, Coca-Cola has stayed immovable as a pioneer in drink brands. Coca-Cola's rivals, then again, need to isolate their consideration between an extensive variety of item sorts.0020
Multibrands: A company will often introduce additional brands in the same product category. Seiko establishes different brand names for its higher priced (Seiko Lasalle) and lower-priced watches (Pulsar) to protect its flanks. P&G offers nine different brands of
As stated by Iacobucci & Churchill, 2010, research design is the framework to collect and analyze data. Coca-Cola’s market research should have included both exploratory (ideas and insights) as well as descriptive (relationship between two variables) parts. Additionally, the market research should have encompasses the consumption of Coke to demographic, geographic and psychographic aspects to further analyze whether the company should tap into the Pepsi Generation or target another market. Furthermore, ethnography, the research in natural setting such as in-home use should have been conducted. If this was the case, the company would have not fallen victim to the results of the taste test and altered the original recipe. Additionally to the market research, the team should have used both individual and group methods for preliminary research and ensured that research results are the same then proceed. Market research is all about asking the right questions. Coca-Cola should have asked participants whether they would give up the original formula for a new one. Instead of asking “Which flavour do you prefer?”, they should have asked “ How would you feel if we changed thee original Coke recipe?”. If this was the case, Coca-Cola could have begun to uncover not only the deep attachment consumers had to the brand as well as realized the sensation transference that came from
(1994) as ‘the variety of goods under a brand that can satisfy the consumer’s desires that belong to different segments’. The different types of Coca-Cola (Diet, Zero, Life, …) are an example of Line Extensions.
Picture this: Beyonce, Britney Spears, and Pink dressed as ferocious gladiators, drinking a sparkling, blue can of soda, after singing a representation of Queen’s “We Will Rock You.” Did a Pepsi commercial snap into mind? Well it should have. Pepsi is known for using celebrities and creativity in essentially every one of their advertisements. From bashing other companies to generating controversies, Pepsi’s advertisements have changed dramatically throughout the years.
Since its creation, the Coca-Cola Company has made a difference in refreshing the world’s mind, body, and spirit through the essence of its product. Coca-Cola has aimed to inspire the moments of optimism and happiness through its brand and actions to create value and a difference throughout the world. It has declared its overall mission and goal to understand the trends and forces that shape its business and to look forward into the future. Coca-Cola has created a new commercial advertisement that captures the unique relationship between brothers which creates a universal story of love and conflict. However for advertisers, it is key to understand the product or service and how its attention of potential is influencing current consumers.
As the world 's largest manufacturer and distributor of non-alcoholic beverages, Coca-Cola is certainly no stranger to global marketing. Established in the US, Coca-Cola initiated its global expansion in 1919 and now markets to more than 200 countries worldwide. It is one of the most recognizable brands on the planet and also owns a large portfolio of other soft drink brands including Schweppes, Oasis, 5 alive, Kea Oar, Fanta, Lilt, Dr Pepper, Sprite and PowerAde. Despite this, Coca-Cola often struggles to maintain its market share over its main rival PepsiCo in some overseas markets, particularly Asian countries.
To sum up, from the above study, we can know that each brand before they success until the Present. Which they ever have experienced about problems and have to change marketing strategy for increase sales and produced a great creativity to the consumers. When compared the marketing strategy between KFC and Coca-Cola. Which its can conclude that, both brand have similar marketing strategies which led to successful brand
In terms of promotional activities, the advertising and giving away of free offers and vacations by Coca cola and Basmati rice by Pepsi, the coca cola’s goal in connecting the youth to the market, the different promotional TV campaigns in India using of celebrities, and the Pepsi sponsorship of cricket and soccer sports. In terms of pricing policies, Pepsi got a quicker market share by their belligerent pricing policies and coca cola’s 15-25% price cut down in the market. In terms of distribution arrangement, the bottling and packaging of products for better distribution around
The Coca Cola Company offers its products through stylish and unique labeling which presents the Coca Cola brand logo on every product. The customers can easily identify the Coca Cola products because of its unique packaging (Freeman, Kelly, Baur, Chapman, Chapman, Gill &King 2014). In 1986 the Coca Cola Company introduced its new product Diet Coke through Secondary brand association. The major benefits of secondary brand association for the new products are as follows:
Pepsi Blue was first test-marketed in Bahrain for three reasons: first, the majority of residents drank Pepsi; second, regional marketers and bottlers had already begun re-evaluating the effectiveness of the company's white logo (which didn't work well in their market); and third, the city was a small test market with a tightly controlled sample population. The Pepsi Blue logo, tagline and new marketing materials were rolled out in half the market and its results were highly successful. Purchasers liked the new logo design and the majority believed that the packaging had improved and the taste remained the same. For those who believed that both the taste and packaging were different, the majority enjoyed the "new" taste.
1975 heralded the Pepsi Challenge', a landmark marketing strategy, which convinced millions of consumers that the taste of Pepsi was superior to Coke. Simultaneously, Pepsi Light, with a distinctive lemon taste, was introduced as an alternative to traditional diet colas. In 1983 Coke launched aspartame/saccharin blend Diet Coke. In response in 1989 Pepsi-Cola introduced an exciting new flavor, Wild Cherry Pepsi. Thus Diet Pepsi's 'The Other Challenge' campaign was based around a 54-46% lead over Diet Coke in independently researched taste tests in Australia. It was only in 1996 that Pepsi unveiled a revolutionary 'blue' look worldwide 'to transform the image and attitude' of one of the world's best-known brands. 'Pepsi Blue represents a quantum leap into the future and redefines how the Cola Wars will be fought and won in the 21st Century.'
Pepsi Company (PepsiCo) owns many brands of beverages, snacks and other foods. Its major product, Pepsi Cola, is one of the most popular carbonated beverages. Besides that, PepsiCo owns the brands Quaker Oats, Gatorade, Frito-Lay, Tropicana, Mountain Dew, Naked, Mirinda and SoBe. In order to maintain, or preferable expand, its market share, PepsiCo constantly introduced new products under its brands. This is a marketing strategy known as Product Development. By modifying the formulas and ingredients, PepsiCo had invented and marketed more than 50 types of carbonated beverages under the brand of Pepsi. To name a few, Pepsi Free introduced in 1982, Pepsi AM introduced in 1989, Pepsi Tropical introduced in 1994, Pepsi Blue introduced in 2003, Pepsi Edge introduce in 2004, Pepsi Lime introduced in 2005, and Pepsi Ice introduced in 2007. Some of the products survive and being accepted by consumers, however large number of the new formula Pepsi had failed and been removed from the market shelves in as short as 6 months.